Michigan Compiled Laws
Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)
218-1956-15 - Chapter 15 Insurance Premium Finance Companies (500.1501...500.1514)

Section 500.1501 - Inapplicability of Chapter. - Sec. 1501. This chapter shall not apply with respect to:...

Section 500.1501a - Financial Institutions; Application of Chapter. - Sec. 1501a. Nothing in this chapter shall limit or interfere...

Section 500.1502 - Insurance Premium Finance Companies; Definitions. - Sec. 1502. As used in this chapter: (a) "Insurance premium...

Section 500.1503 - License Requirements; Violation, Penalty; Fees, Renewal, Application. - Sec. 1503. (1) No person, except those excluded by section...

Section 500.1504 - License Investigation of Applicant; Issuance, Grounds, Hearing, Bond. - Sec. 1504. (1) Upon the filing of an application and...

Section 500.1505 - Premium Finance Company; License; Revocation or Suspension; Grounds; Hearing; Penalty; Appeal; Remuneration; Applicability of Subsection (4). - Sec. 1505. (1) The commissioner may revoke or suspend the...

Section 500.1506 - Premium Finance Transaction Records; Examination; Preservation. - Sec. 1506. (1) A licensee shall maintain records of its...

Section 500.1507 - Insurance Commissioner; Regulatory Powers. - Sec. 1507. The commissioner may make and enforce such reasonable...

Section 500.1508 - Premium Finance Agreement; Requirements; Specifications; Items; Subsidiary Companies. - Sec. 1508. (1) A premium finance agreement shall: (a) Be...

Section 500.1509 - Premium Finance Company; Authorized Charges; Service Charge; Amending Original Contract Where Balance of Premium Due Changed. - Sec. 1509. (1) A premium finance company shall not charge,...

Section 500.1510 - Insurance Premium Finance Agreement; Delinquency Charge; Cancellation Charge. - Sec. 1510. (1) An insurance premium finance agreement may provide...

Section 500.1511 - Premium Finance Agreement; Cancellation of Insurance, Procedure, Notice, Refund. - Sec. 1511. (1) When a premium finance agreement empowers the...

Section 500.1512 - Premium Finance Agreement; Filing Not Required. - Sec. 1512. No filing of the premium finance agreement shall...

Section 500.1513 - Existing Companies; License, Fee. - Sec. 1513. Any person who has been engaged in the...

Section 500.1514 - Insurance Commissioner and Employees; Statement of Expenses and Charges, Payment; Employment of Expert Personnel. - Sec. 1514. (1) All actual and necessary expenses incurred by...